Daily Forex Market by FXCC

[alayoua]

Forex Technical & Market Analysis FXCC Oct 21 2013

China’s central government has called for “unrelenting” implementation of its economic policies and reform measures

Monday sees the publication of Germany's PPI figure and the monthly report from Germany's Bundesbank. Inflation is expected to come in at 0.1% month on month. In the USA another member of the Fed will hold court with the focus moving from the debt ceiling issue to the other issues affecting the USA economy, such as the throttling of monetary easing by way of tapering. Existing home sales in the USA are expected to come in at 5.31 million from the previous month's 5.48 million. Canada's wholesale sales are anticipated to print at 0.6%. USA crude oil inventory figures are suggested to fall to 3.4 million barrels from 6.8 million barrels the previous month. More arrivals from China contributed to a 7 percent increase in visitors to New Zealand in September 2013, compared with September 2012, Statistics New Zealand said today. "The 21,200 visitors from China was well up from 14,000 last September," population statistics manager Andrea Blackburn said. "This continues the strong growth in visitor numbers which we have seen from the world's most populous country in recent years." In the September 2013 year, visitor arrivals rose 3 percent to reach 2.670 million.
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
N/A | US CB Leading Indicator (MoM) (Sep)
2013-10-21 06:00 GMT | DE Producer Price Index (YoY) (Sep)
2013-10-21 14:00 GMT | US Existing Home Sales (MoM) (Sep)
2013-10-21 14:30 GMT | US EIA Crude Oil Stocks change (Oct 11)

FOREX NEWS :
2013-10-21 05:40 GMT | AUD/USD upwards ‘flirting’ with the 200-daily SMA at 0.9755
2013-10-21 05:04 GMT | USD/CHF moves on the upper level on greenback strengthening
2013-10-21 04:23 GMT | USD/JPY looking to test 200-day MA 97.15 - BBH
2013-10-21 03:33 GMT | EUR/USD opens week in the red as part of consolidation; upside eventually 1.3750?

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EURUSD :
HIGH 1.36879 LOW 1.36706 BID 1.36776 ASK 1.36779 CHANGE -0.06% TIME 08 : 53:03



OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: EURUSD clearly determined positive bias on the medium-term perspective. Penetration above the resistive measure at 1.3704 (R1) might encourage protective orders execution and drive market price towards to the next resistive means at 1.3721(R2) and 1.3739 (R3). Downwards scenario: Our next supportive measure locates at 1.3658 (S1). Break here is required to enable correction action towards to next target at 1.3641 (S2). Final support for today locates at 1.3622 (S3).

Resistance Levels: 1.3704, 1.3721, 1.3739
Support Levels: 1.3658, 1.3641, 1.3622

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GBPUSD :
HIGH 1.61774 LOW 1.61522 BID 1.61706 ASK 1.61711 CHANGE 0.04% TIME 08 : 53:04



OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: On the upside fractal level at 1.6225 (R1) prevents further gains. Successful clearance here would suggest next intraday targets at 1.6248 (R2) and 1.6269 (R3). Downwards scenario: On the other hand, current range pattern on the hourly chart suggest possible retest of our supportive measure at 1.6148 (S1). Break here is required to open way towards to initial targets at 1.6125 (S2) and 1.6102 (S3).

Resistance Levels: 1.6225, 1.6248, 1.6269
Support Levels: 1.6148, 1.6125, 1.6102

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USDJPY :
HIGH 98.103 LOW 97.771 BID 98.021 ASK 98.024 CHANGE 0.29% TIME 08 : 53:05



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

Upwards scenario: Resistance at 98.16 (R1) limits possible upwards penetration. Break here is required to enable next interim target at 98.31 (R2) en route towards to final aim for today at 98.46 (R3). Downwards scenario: On the other hand, successful retest of our support level at 97.74 (S1) would clear the way for a downtrend expansion towards to our lower targets at 97.59 (S2) and 97.43 (S3) in potential

Resistance Levels: 98.16, 98.31, 98.46
Support Levels: 97.74, 97.59, 97.43

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Oct 22 2013

Tuesday's NFP day, let's be careful out there

The big event of the day is the 18 day late publication of the NFP figures. Traders need to exercise caution as the figure might come in far better than predicted, but be subject to significant revisions due to the temporary govt. shutdown. The anticipation is for a print of 182K jobs created with the unemployment rate remaining steady at 7.3%. The benchmark 10-year yield rose two basis points, or 0.02 percentage point, to 2.60 percent as of 5 p.m in New York. The price of the 2.5 percent note due in August 2023 fell 6/32, or $1.88 per $1,000 face amount, to 99 1/8. The yield declined to 2.54 percent on Oct. 18th, the lowest since July 24th, down from a 2013 high of 3 percent on Sept. 6th.Treasury 10-year notes snapped a three-day advance before the NFP government report on Tuesday.

The yen fell 0.5 percent to 98.19 per dollar after gaining 1.1 percent during the previous two days. Japan’s currency declined 0.4 percent to 134.32 per euro and touched 134.38, the weakest level since Sept. 23rd. The dollar was little changed at $1.3681 per euro after gaining 0.3 percent earlier. The U.S. Dollar Index, which monitors the greenback versus a basket of 10 other major currencies, rose 0.2 percent to 1,004.55 late in New York. The gauge fell to 1,000.70 on Oct. 18th, the lowest intraday level since Feb. 13th, extending a weekly loss to 1 percent, the most in a month. The price of crude oil fell below $100 a barrel Monday after the U.S. government reported an increase in supplies. Metals prices were broadly higher and crop prices were mixed. Crude oil for November delivery fell $1.59, or 1.6 percent, to $99.22 a barrel in New York. That's the first close below $100 a barrel since July.
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
2013-10-22 08:30 GMT | UK Public Sector Net Borrowing (Sep)
2013-10-22 12:30 GMT | US Nonfarm Payrolls (Sep)
2013-10-22 12:30 GMT | CA Retail Sales (MoM) (Aug)
2013-10-22 23:00 GMT | AU CB Leading Indicator (Aug)

FOREX NEWS :
2013-10-22 05:15 GMT | Good Chinese data leads to little movement in the markets; traders await US data
2013-10-22 05:09 GMT | Oil sits below $100, gold consolidates
2013-10-22 04:35 GMT | GBP/USD grinds slowly lower ahead of NFP data
2013-10-22 04:12 GMT | NFP likely no to have two-way directionality as usual - Rabobank

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EURUSD :
HIGH 1.36806 LOW 1.36622 BID 1.36711 ASK 1.36713 CHANGE -0.07% TIME 08 : 43:23



OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Possibility of further price progress is seen above the next resistance level at 1.3688 (R1). Breakthrough here would suggest interim target at 1.3704 (R2) and then mark at 1.3721 (R3) acts as next attractive point. Downwards scenario: As long as price stays below the 20 SMA our technical outlook would be negative. Extension lower the key support level at 1.3651 (S1) is being able to drive market price towards to our next targets at 1.3635 (S2) and 1.3618 (S3).

Resistance Levels: 1.3688, 1.3704, 1.3721
Support Levels: 1.3651, 1.3635, 1.3618

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GBPUSD
HIGH 1.61475 LOW 1.61154 BID 1.61274 ASK 1.61277 CHANGE -0.11% TIME 08 : 43:24



OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Retracement formation remains in power. Our next resistive measure lies at 1.6148 (R1), break here is required to achieve higher targets at 1.6173 (R2) and 1.6199 (R3). Downwards scenario: Our bearish expectations remain intact below the key support level at 1.6115 (S1). Price penetration below it would allow further declines towards to lower targets at 1.6090 (S2) and 1.6065 (S3).

Resistance Levels: 1.6148, 1.6173, 1.6199
Support Levels: 1.6115, 1.6090, 1.6065

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USDJPY :
HIGH 98.364 LOW 98.136 BID 98.311 ASK 98.313 CHANGE 0.14% TIME 08 : 43:25



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Instrument gained momentum on the upside recently, turning short-term bias to the positive side. Next resistive structure on the way lies at 98.37 (R1), break here would suggest next intraday targets at 98.50 (R2) and 98.62 (R3). Downwards scenario: On the other hand, loss of our support level at 98.15 (S1) would open road for a market decline towards to our next target at 98.03 (S2). Any further price weakening would then be limited to final support at 97.90 (S3).

Resistance Levels: 98.37, 98.50, 98.62
Support Levels: 98.15, 98.03, 97.90

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Oct 23 2013

Markets rally as poor NFP print equals delayed monetary stimulus taper

The DJIA closed up 0.49% on Tuesday with the SPX up 0.57% and the NASDAQ up 0.24%. European markets joined in the late afternoon rally; STOXX closing up 0.57%, UK FTSE up 0.62%, CAC up 0.43% and the DAX up 0.90%. The ASE closed up 0.45%. The leader on the board in Europe was the Swiss market index, closing up 1.12% on the day, the Swiss trade balance exceeding expectations helping the index rise, the balance was up to 2.49 bn. Equity index futures are currently flat or down marginally at the time of writing, the DJIA down 0.06%, SPX down 0.09% and the NASDAQ down 0.09%. European equity index futures are up; FTSE up 0.63%, CAC up 0.45% and the DAX up 0.84% Commodities experienced mixed fortunes on Tuesday, with WTI oil finally breaching the critical psyche level of $100 a barrel by some distance. ICE WTI oil was down 1.38% on the day to finish at $98.30 per barrel. NYMEX natural was up 0.34% on the day. COMEX gold was down 0.18% on the day at $1340.30 per ounce, with silver at $22.71 down 0.35% on the day. The dollar depreciated by 0.7 percent to $1.3781 per euro late in New York time, and touched $1.3792, the weakest level since November 2011. The greenback was little changed at 98.14 yen, while the Japanese currency lost 0.7 percent to 135.25 per euro and reached 135.51, the weakest since November 2009. The Swiss franc climbed as much as 0.9 percent to 89.40 centimes per dollar before trading at 89.47. The dollar slid to its weakest level in almost two years versus the euro after lower-than-forecast U.S. employment gains added to speculation the Federal Reserve will delay reducing stimulus.
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
2013-10-23 08:30 GMT | Bank of England Minutes
2013-10-23 14:00 GMT | BoC Interest Rate Decision (Oct 23)
2013-10-23 14:30 GMT | Bank of Canada Monetary Policy Report
2013-10-23 15:15 GMT | BoC Press Conference

FOREX NEWS :
2013-10-23 05:36 GMT | USD/JPY tumbles on sharp Nikkei falls, China banks “jitters”
2013-10-23 04:48 GMT | AUD/USD retraced all of its post Australian CPI gains
2013-10-23 04:08 GMT | EUR/JPY tumbles on a corrective pullback
2013-10-23 03:42 GMT | EUR/USD rips past ‘13 peak of 1.3710 on “no tapering” hopes – continues higher Wednesday

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EURUSD :
HIGH 1.37928 LOW 1.37663 BID 1.37732 ASK 1.37735 CHANGE -0.06% TIME 08 : 44:43



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: EURUSD gained momentum on the upside recently and likely resume its uptrend formation. Clearance of our next resistive structure at 1.3794 (R1) would open way towards to our initial target at 1.3821 (R2) and any further market rise would then be targeting 1.3846 (R3). Downwards scenario: On the downside bearish pressure might push the price below the support at 1.3750 (S1). Further downside extension would open road towards to next target at 1.3727 (S2) and any further losses would then be limited to 1.3704 (S3) mark.

Resistance Levels: 1.3794, 1.3821, 1.3846
Support Levels: 1.3750, 1.3727, 1.3704

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GBPUSD :
HIGH 1.62567 LOW 1.62101 BID 1.62164 ASK 1.62173 CHANGE -0.11% TIME 08 : 44:44



OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Possibility of ascending structure is seen above the fractal level at 1.6259 (R1). Break here is required to clear the way towards to higher targets at 1.6286 (R2) and 1.6315 (R3). Downwards scenario: On the other hand, recovery phase might commence below the important support level at 1.6194 (S1). Break here is required to validate our targets at 1.6167 (S2) and 1.6139 (S3) later on today.

Resistance Levels: 1.6259, 1.6286, 1.6315
Support Levels: 1.6194, 1.6167, 1.6139

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USDJPY :
HIGH 98.195 LOW 97.264 BID 97.440 ASK 97.443 CHANGE -0.71% TIME 08 : 44:45



OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Upwards scenario: Possible upwards formation is limited to resistive measure at 97.56 (R1). A break above it would suggest next intraday target 97.73 (R2) and if the price holds its momentum we can expect price increase towards to final resistance at 97.89 (R3). Downwards scenario: Clearance of our support at 97.25 (S1) is required to determine negative intraday bias and enable lower target at 97.09 (S2) and then any further market depreciation would suggest final aim at 96.92 (S3).

Resistance Levels: 97.56, 97.73, 97.89
Support Levels: 97.25, 97.09, 96.92

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Oct 24 2013

Flash PMIs will dictate the market mood on Thursday

The DJIA closed down 0.35% on Wednesday, the recent rally, due to a temporary solution regarding the debt ceiling issue being agreed, may have now faded. The SPX closed down 0.47% and the NASDAQ down 0.57%. In Europe the STOXX index closed down 0.94%, reacting badly to the coming bank tests, the FTSE closed down 0.32%, CAC down 0.81%, DAX down 0.31%. The IBEX reacted badly to the bank test news despite crawling out of a deep recession, down 1.84% on the day. The MIB closed down 2.38%, with the Athens exchange hurting the most, down 3.82% on the day. Commodities once again endured a sell off on Wednesday, improved crude oil reserve numbers for the USA, up to 5.2 million barrels, caused WTI oil to fall by 1.22% to end at $97.10 per barrel on the day. The critical psyche level of $100 per barrel now being breached substantially with new medium term support levels being established. NYMEX natural rose by 1.06% to $3.62 per therm. COMEX gold was down 0.72% at $1333.00, with silver on COMEX down 1.01%. Equity index futures are pointing to a negative open in Europe followed by New York opening down. The DJIA equity index future is currently down 0.38%, NASDAQ down 0.42%, STOXX down 0.96%, FTSE down 0.40%, DAX down 0.35% The yen gained 0.8 percent to 134.12 per euro late in New York, after climbing as much as 1.2 percent, the biggest intraday advance since Aug. 27th. It depreciated to 135.51 Wednesday, the weakest level since November 2009. Japan’s currency strengthened 0.8 percent to 97.34 per dollar and touched 97.16, breaching its 200-day moving average at 97.28. The yen strengthened the most in eight weeks versus the euro as borrowing costs for Chinese banks jumped by the most since July affecting demand for safer assets.
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
2013-10-24 07:58 GMT | EMU Markit Services PMI (Oct)
2013-10-24 14:00 GMT | US New Home Sales (MoM) (Sep)
2013-10-24 16:45 GMT | UK BOE's Governor Carney speech
2013-10-24 23:30 GMT | JP National Consumer Price Index (YoY) (Sep)

FOREX NEWS :
2013-10-24 05:07 GMT | EUR/USD continues to consolidate around 1.3780 area
2013-10-24 04:47 GMT | NZD/USD rejected off 0.8440 resistance, NZ Treasury report weighs
2013-10-24 04:20 GMT | USD/CHF breaks 2012 lows despite upbeat Chinese PMI
2013-10-24 03:06 GMT | GBP/JPY on EMA20 at 157.60

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EURUSD :
HIGH 1.37931 LOW 1.37733 BID 1.37921 ASK 1.37924 CHANGE 0.12% TIME 08 : 51:48



OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Possibility of further market appreciation is seen above the resistance level at 1.3794 (R1). Break here is required to validate next targets at 1.3821 (R2) and 1.3846 (R3) Downwards scenario: On the other hand, progress below the initial support level at 1.3761 (S1) might initiate bearish pressure and expose our intraday targets at 1.3735 (S2) and 1.3710 (S3) later on today.

Resistance Levels: 1.3794, 1.3821, 1.3846
Support Levels: 1.3761, 1.3735, 1.3710

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GBPUSD :
HIGH 1.62025 LOW 1.61623 BID 1.61914 ASK 1.61917 CHANGE 0.18% TIME 08 : 51:49



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Measures of resistance might be activating if the pair approaches 1.6225 (R1) price level. Break here would suggest next interim target at 1.6257 (R2) and If the price keeps its momentum we expect an exposure of 1.6287 (R3). Downwards scenario: Possible downward penetration is limited now to support level at 1.6157 (S1). If the price manages to surpass it, we would suggest next intraday targets at 1.6128 (S2) and 1.6099 (S3).

Resistance Levels: 1.6225, 1.6257, 1.6287
Support Levels: 1.6157, 1.6128, 1.6099

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USDJPY :
HIGH 97.617 LOW 97.175 BID 97.597 ASK 97.599 CHANGE 0.24% TIME 08 : 51:50



OUTLOOK SUMMARY : Down
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Corrective action is possible today. Clearance of next resistance level at 97.56 (R1) would suggest next intraday targets at 97.75 (R2) and 97.96 (R3) later on today. Downwards scenario: On the other side, current price pattern suggests bearish potential if the instrument manages to overcome key support level at 97.15 (S1). Further price regress is liable to expose our initial targets at 96.96 (S2) and 96.77 (S3).

Resistance Levels: 97.56, 97.75, 97.96
Support Levels: 97.15, 96.96, 96.77

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Oct 25 2013

Will the UK's GDP figure beat the expectation of 0.8%?

A major publication, that could impact on the UK FTSE and the value of sterling, is the latest UK preliminary GDP figure, published courtesy of the UK's ONS. The expectation is that the print will come in at 0.8%, up from 0.7% in the previous quarter. The German IFO business index is predicted to come in at an improved 108.2. The EU economic summit is worth keeping aware of given the potential for a surprise policy announcement. Core durable goods orders in the USA are expected to come in at 0.6% up from the -0.1% figure last month. The dollar lost 0.2 percent to $1.3801 per euro late in New York and reached $1.3825, the weakest since November 2011. It fell 0.1 percent to 97.28 yen after touching 97.16 Wednesday, the lowest since Oct. 9th. Europe’s shared currency gained 0.1 percent to 134.26 yen after rising as much as 0.5 percent earlier and weakening 0.2 percent. The dollar slid to a two-year low versus the euro as weaker-than-forecast economic data and concern that U.S. growth was hurt by a government shutdown added to bets the Federal Reserve will delay slowing stimulus until next year. The loonie, as the Canadian dollar is known, fell by 0.4 percent to C$1.0422 per U.S. dollar in Toronto. It has dropped as much as 1.5 percent during the past two days and reaching the weakest since Sept. 9th. One loonie buys 95.95 U.S. cents. The Canadian dollar had the biggest two-day slump in four months after the central bank altered its forward guidance narrative regarding future interest-rate rises that had been in place for more than a year, as risks of a worsening economy have increased.
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
24h | European Council meeting
2013-10-25 08:00 GMT | DE IFO - Current Assessment (Oct)
2013-10-25 08:30 GMT | UK Gross Domestic Product (YoY)
2013-10-25 12:30 GMT | US Durable Goods Orders (Sep)

FOREX NEWS :
2013-10-25 05:03 GMT | USD/JPY collapses in tandem with Nikkei on highest Shibor since July
2013-10-25 04:15 GMT | NZD/USD falls sharply amidst a better mood in Asian markets
2013-10-25 04:14 GMT | EUR/USD keeps on testing 1.3820, break allows 1.3865
2013-10-25 03:03 GMT | AUD/USD recovers support above 0.96

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EURUSD :
HIGH 1.38323 LOW 1.37851 BID 1.38189 ASK 1.38193 CHANGE 0.13% TIME 08 : 37:41



OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upside risk aversion is seen above the next resistance level at 1.3846 (R1). Appreciation above it might lead to the positive intraday bias formation towards to our next targets at 1.3874 (R2) and 1.3902 (R3) in potential. Downwards scenario: Possible downside extension is limited now to the support level at 1.3785 (S1). Break here is required to open a route towards to next target at 1.3758 (S2) and then any further easing would be targeting final support at 1.3729 (S3).

Resistance Levels: 1.3846, 1.3874, 1.3902
Support Levels: 1.3785, 1.3758, 1.3729

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GBPUSD :
HIGH 1.62469 LOW 1.61795 BID 1.62296 ASK 1.62298 CHANGE 0.18% TIME 08 : 37:42



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Current positive bias development might face next resistive measure at 1.6257 (R1). If the price manages to overcome it we would suggest next intraday targets at 1.6287 (R2) and 1.6318 (R3). Downwards scenario: On the other hand, if the price clear the supportive measure at 1.6178 (S1), we would suggest next target at 1.6148 (S2) and then final attractive point could be found at 1.6117 (S3) later on today.

Resistance Levels: 1.6257, 1.6287, 1.6318
Support Levels: 1.6178, 1.6148, 1.6117

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USDJPY :
HIGH 97.433 LOW 96.944 BID 97.062 ASK 97.064 CHANGE -0.22% TIME 08 : 37:43



OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Medium term bias remains negative and possible price appreciation is limited now to resistive barrier at 97.37 (R1). Clearance of that level would suggest next intraday targets at 97.55 (R2) and 97.73 (R3). Downwards scenario: On the downside next challenge is seen at 96.93 (S1). Breakthrough here would open road for a price depreciation towards to our initial targets at 96.75 (S2) and 96.57 (R3) in potential.

Resistance Levels: 97.37, 97.55, 97.73
Support Levels: 96.93, 96.75, 96.57

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Oct 28 2013

China indicates the release of unprecedented economic measures when it holds its next government meeting.

There are several USA high impact news events for Monday that could affect market sentiment. Pending home sales is expected to increase to 0.5% month on month from a surprise fall of -1.6% last month. Industrial production data is expected to increase to 0.5% month on month. Economists forecast no change in purchases, the worst reading in six months, after a 0.2 percent advance in August, according to a survey ahead of Commerce Department figures due Oct. 29th. Sales excluding motor vehicle dealers may have increased 0.4 percent in September, a sign other merchants had more success selling to customers. The RBA governor Stevens speaks later in the afternoon, investors in AUS and speculators in the Aussie will be looking for any clues regarding a base interest rate cut which appeared to be off the table in last week's notes from the RBA. Japan issues a raft of data on Monday; retail sales, unemployment and household spending which if poor the Nikkei could fall with a corresponding rise in yen as a safe haven. Retail sales are expected to rise, unemployment to fall to 4%, but household spending is also predicted to increase by 0.7%.
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
2013-10-28 13:15 GMT | US Industrial Production (MoM) (Sep)
2013-10-28 14:00 GMT | US Pending Home Sales (YoY) (Sep)
2013-10-28 22:30 GMT | RBA's Governor Glenn Stevens Speech
2013-10-28 23:30 GMT | JP Unemployment Rate (Sep)

FOREX NEWS :
2013-10-28 06:37 GMT | EUR/GBP opens lower ahead of German data – trading range bound short-term
2013-10-28 06:20 GMT | EUR/USD hovers around 1.3800, ahead of a batch of US data, FOMC
2013-10-28 06:06 GMT | USD/CHF trading higher to start weak; technicians skeptical with 0.8750 downside target
2013-10-28 05:04 GMT | GBP/USD consolidates around 1.6180 area, awaiting the severe storm in UK

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EURUSD :
HIGH 1.38177 LOW 1.37959 BID 1.38003 ASK 1.38005 CHANGE -0.02% TIME 08 : 49:13



OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: EURUSD is approaching our key resistive measure at 1.3833 (R1). If the price manages to overcome it we would suggest next intraday targets at 1.3862 (R2) and 1.3892 (R3). Downwards scenario: On the other hand, our next supportive barrier at 1.3775 (S1) prevents possible correction development. Break here is required to enable downside expansion towards to our intraday targets at 1.3745 (S2) and 1.3714 (S3).

Resistance Levels: 1.3833, 1.3862, 1.3892
Support Levels: 1.3775, 1.3745, 1.3714

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GBPUSD :
HIGH 1.61895 LOW 1.61615 BID 1.61796 ASK 1.61798 CHANGE 0.1% TIME 08 : 49:14



OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: Possible penetration above the resistance level at 1.6205 (R1) is liable to open way towards to our initial targets at 1.6233 (R2) and 1.6261 (R3). Downwards scenario: In terms of technical levels, risk of price depreciation is seen below the support level at 1.6150 (S1). Loss here would suggest to monitor marks at 1.6123 (S2) and 1.6097 (S3) as possible intraday targets.

Resistance Levels: 1.6205, 1.6233, 1.6261
Support Levels: 1.6150, 1.6123, 1.6097

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USDJPY :
HIGH 97.733 LOW 97.446 BID 97.587 ASK 97.591 CHANGE 0.2% TIME 08 : 49:15



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Instrument gained momentum on the upside recently, turning short-term bias to the positive side. Further upwards penetration above the resistance at 97.74 (R1) might enable bullish forces and expose our initial targets at 97.87 (R2) and 98.00 (R3). Downwards scenario: Risk of further market decline is seen below the next support level at 97.44 (S1). Loss here is liable to downgrade currency rate towards to the next supportive means at 97.31 (S2) and 97.18 (S3) in potential.

Resistance Levels: 97.74, 97.87, 98.00
Support Levels: 97.44, 97.31, 97.18

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Oct 29 2013

FOMC meeting starts as speculation mounts regarding potential taper of monetary easing programme

Naturally most investor eyes will be fixed on any announcements from the first day of the FOMC meeting, clues as to tapering will be hawkishly observed. Net lending to individuals in the UK should print at 2.5 billion up from 1.6 billion the previous month. Similarly mortgage approvals should rise to 65K from 62K the previous month. Retail sales in the USA are expected to print at 0.2% up, with PPI up 0.2%. Annual house prices in the USA are expected to be up 12.4% year on year. The USA Conference Board sentiment index is expected in at 75.2 a fall from 79.7 the previous month. The bank of Canada governor Poloz is due to testify, along with Senior Deputy Governor Tiff Macklem, before the House of Commons Standing Committee on Finance, in Ottawa. The DJIA closed down 0.01% on Monday, the SPX up 0.13% and the NASDAQ down 0.08%. European indices were mixed, STOXX index down 0.42%, FTSE up 0.07%, CAC down 0.48%, DAX down 0.03%. The Athens exchange once again bucked the trend by closing up 1.37%. Commodities rallied on Monday, ICE WTI oil finished the day up 0.85% at $98.68 per barrel, NYMEX natural down 0.17% at $3.56 per therm, COMEX gold closed up 0.04% on the day at $1352.70 and silver down 0.06% at $22.52 per ounce. Oil rallied amid a drop in Libyan output and bets that central banks in America and Japan will maintain monetary stimulus. Looking towards the European open STOXX equity index future is down 0.36%, FTSE up 0.24%, CAC down 0.46% and DAX down 0.03%. The DJIA equity index future is currently down 0.03%, SPX down 0.02% and the NASDAQ down 0.27%.
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
2013-10-29 09:30 GMT | UK Mortgage Approvals (Sep)
2013-10-29 12:30 GMT | US Retail Sales (MoM) (Sep)
2013-10-29 14:00 GMT | US Consumer Confidence (Oct)
2013-10-29 23:50 GMT | JP Industrial Production (YoY) (Sep)

FOREX NEWS :
2013-10-29 03:16 GMT | GBP/USD glued to 1.6085 support
2013-10-29 02:55 GMT | USD/JPY exhausts after recovering session losses around 97.60
2013-10-29 02:03 GMT | AUD/USD emerges from 0.9515 2-week lows; consolidating above 0.9540
2013-10-29 01:21 GMT | EUR/USD pulling back gently. Is it anticipating bad data out of the US?

-----------------
EURUSD
HIGH 1.37937 LOW 1.37693 BID 1.37856 ASK 1.37858 CHANGE 0% TIME 08 : 40:07



OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Possibility of market strengthening is seen above the immediate resistive barrier at 1.3818 (R1). Clearance here would suggest next interim target at 1.3845 (R2) and then final aim locates at 1.3872 (R3). Downwards scenario: As long as price stays below the next resistance level our technical outlook would be negative. Next on tap is support level at 1.3769 (S1). Penetration below this mark would suggest next targets at 1.3741 (S2) and 1.3714 (S3).

Resistance Levels: 1.3818, 1.3845, 1.3872
Support Levels: 1.3769, 1.3741, 1.3714

----------------
GBPUSD :
HIGH 1.61442 LOW 1.60643 BID 1.61024 ASK 1.61033 CHANGE -0.24% TIME 08 : 40:07



OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Our next resistance level is placed at 1.6137 (R1). Break here would open route towards to higher target at 1.6161 (R2) and any further price advance would then be limited to 1.6185 (R3).Downwards scenario: On the other hand, possible downside expansion might face next hurdle at 1.6063 (S1). Break here is required to initiate bearish pressure and validate our immediate targets at 1.6040 (S2) and 1.6019 (S3) in potential.

Resistance Levels: 1.6137, 1.6161, 1.6185
Support Levels: 1.6063, 1.6040, 1.6019

---------------
USDJPY :
HIGH 97.717 LOW 97.462 BID 97.540 ASK 97.542 CHANGE -0.14% TIME 08 : 40:08



OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Clearance of our next resistive barrier at 97.74 (R1) might push the price towards to our next visible targets at 97.87 (R2) and 98.00 (R3). Downwards scenario: Activation of bearish forces is possible below the support level at 97.44 (S1). Clearance here would suggest next interim target at 97.31 (S2) and if the price holds its momentum we would suggest final aim at 97.18 (S3).

Resistance Levels: 97.74, 97.87, 98.00
Support Levels: 97.44, 97.31, 97.18

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Oct 30 2013

Tuesday's NFP day, let's be careful out there

The big event of the day is the 18 day late publication of the NFP figures. Traders need to exercise caution as the figure might come in far better than predicted, but be subject to significant revisions due to the temporary govt. shutdown. The anticipation is for a print of 182K jobs created with the unemployment rate remaining steady at 7.3%. The benchmark 10-year yield rose two basis points, or 0.02 percentage point, to 2.60 percent as of 5 p.m in New York. The price of the 2.5 percent note due in August 2023 fell 6/32, or $1.88 per $1,000 face amount, to 99 1/8. The yield declined to 2.54 percent on Oct. 18th, the lowest since July 24th, down from a 2013 high of 3 percent on Sept. 6th.Treasury 10-year notes snapped a three-day advance before the NFP government report on Tuesday.
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
2013-10-22 08:30 GMT | UK Public Sector Net Borrowing (Sep)
2013-10-22 12:30 GMT | US Nonfarm Payrolls (Sep)
2013-10-22 12:30 GMT | CA Retail Sales (MoM) (Aug)
2013-10-22 23:00 GMT | AU CB Leading Indicator (Aug)

FOREX NEWS :
2013-10-22 05:15 GMT | Good Chinese data leads to little movement in the markets; traders await US data
2013-10-22 05:09 GMT | Oil sits below $100, gold consolidates
2013-10-22 04:35 GMT | GBP/USD grinds slowly lower ahead of NFP data
2013-10-22 04:12 GMT | NFP likely no to have two-way directionality as usual - Rabobank

------------------
EURUSD :
HIGH 1.36806 LOW 1.36622 BID 1.36711 ASK 1.36713 CHANGE -0.07% TIME 08 : 43:23



OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Possibility of further price progress is seen above the next resistance level at 1.3688 (R1). Breakthrough here would suggest interim target at 1.3704 (R2) and then mark at 1.3721 (R3) acts as next attractive point. Downwards scenario: As long as price stays below the 20 SMA our technical outlook would be negative. Extension lower the key support level at 1.3651 (S1) is being able to drive market price towards to our next targets at 1.3635 (S2) and 1.3618 (S3).

Resistance Levels: 1.3688, 1.3704, 1.3721
Support Levels: 1.3651, 1.3635, 1.3618

----------------------
GBPUSD :
HIGH 1.61475 LOW 1.61154 BID 1.61274 ASK 1.61277 CHANGE -0.11% TIME 08 : 43:24



OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Retracement formation remains in power. Our next resistive measure lies at 1.6148 (R1), break here is required to achieve higher targets at 1.6173 (R2) and 1.6199 (R3). Downwards scenario: Our bearish expectations remain intact below the key support level at 1.6115 (S1). Price penetration below it would allow further declines towards to lower targets at 1.6090 (S2) and 1.6065 (S3).

Resistance Levels: 1.6148, 1.6173, 1.6199
Support Levels: 1.6115, 1.6090, 1.6065

USDJPY
HIGH 98.364 LOW 98.136 BID 98.311 ASK 98.313 CHANGE 0.14% TIME 08 : 43:25



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Instrument gained momentum on the upside recently, turning short-term bias to the positive side. Next resistive structure on the way lies at 98.37 (R1), break here would suggest next intraday targets at 98.50 (R2) and 98.62 (R3). Downwards scenario: On the other hand, loss of our support level at 98.15 (S1) would open road for a market decline towards to our next target at 98.03 (S2). Any further price weakening would then be limited to final support at 97.90 (S3).

Resistance Levels: 98.37, 98.50, 98.62
Support Levels: 98.15, 98.03, 97.90

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Oct 31 2013

China's top four banks post bad loan surge whilst the markets await data prints on Chinese growth on Thursday evening

In the overnight/early morning session the BOJ of Japan conducts their own version of an FOMC meeting. The results may affect the value of yen and the Nikkei. They'll deliver a monetary policy statement, an outlook report and then conduct a press conference. On Thursday German retail sales are expected to rise by 0.5%, Italy's employment rate is expected to climb to 12.4%, EU unemployment is expected to come in at 12%. Canada's GDP for the month is expected in at 0.2%, whilst USA weekly unemployment claims are expected in at 341K, this print is still liable to potentially deliver a surprise given the temporary USA govt. shutdown might still be working its way through the system. Late in the evening two extremely important prints from China are published. The manufacturing PMI and the HSBC final manufacturing PMI. China’s top four banks have posted their biggest increase in bad loans since 2010 as a five-year credit surge has left companies with excess manufacturing capacity and slower profit growth amid an economic slowdown. Nonperforming loans at Industrial & Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd and Bank of China Ltd rose 3.5 percent in the three months to Sept. 30th from June to a combined 329.4 billion yuan ($54 billion). Profit rose to 209 billion yuan.
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
2013-10-31 07:00 GMT | DE Retail Sales (YoY) (Sep)
2013-10-31 10:00 GMT | EMU Consumer Price Index (YoY) (Oct)
2013-10-31 12:30 GMT | US Initial Jobless Claims (Oct 25)
2013-10-31 13:30 GMT | CA Gross Domestic Product (MoM) (Aug)

FOREX NEWS :
2013-10-31 06:32 GMT | EUR/USD downwards on Nowotny Comments, less dovish FOMC than expected
2013-10-31 06:28 GMT | BOJ semi-annual report: QE to achieve inflation goal
2013-10-31 05:57 GMT | FOMC to begin taper at some point in coming quarters - Nomura
2013-10-31 05:39 GMT | GBP/JPY little changed after solid Japanese data, BoJ decision

-------------------------
EURUSD
HIGH 1.37386 LOW 1.36893 BID 1.37035 ASK 1.37038 CHANGE -0.23% TIME 08 : 43:19



OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Upwards penetration is limited to the important resistance level at 1.3718 (R1). Clearance here might open a route towards to our initial target at 1.3734 (R2) and then further price appreciation would be targeting resistance at 1.3752 (R3). Downwards scenario: On the other hand, negative development might occur below the immediate support level at 1.3698 (S1). Clearance here would enable our next intraday targets at 1.3674 (S2) and 1.3656 (S3).

Resistance Levels: 1.3718, 1.3734, 1.3752
Support Levels: 1.3698, 1.3674, 1.3656

---------------------
GBPUSD :
HIGH 1.60432 LOW 1.60059 BID 1.60130 ASK 1.60132 CHANGE -0.16% TIME 08 : 43:20



OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: We see potential to test our resistive barrier at 1.6043 (R1) later on today. Successful penetration above this mark might keep bullish sentiment in play and validate our intraday targets at 1.6077 (R2) and 1.6110 (R3). Downwards scenario: Next support level lies at 1.5994 (S1). Penetration below it might shift short-term tone to the negative side. Our intraday targets locates at 1.5961 (S2) and 1.5928 (S3).

Resistance Levels: 1.6043, 1.6077, 1.6110
Support Levels: 1.5994, 1.5961, 1.5928

---------------------
USDJPY :
HIGH 98.571 LOW 98.272 BID 98.352 ASK 98.356 CHANGE -0.16% TIME 08 : 43:21



OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: USDJPY is approaching our next resistive measure at 98.67 (R1) on the upside. Break here is required to enable bullish potential and expose our interim target at 98.82 (R2). Further price appreciation would then be limited to last resistance at 98.96 (R3). Downwards scenario: If the price failed to clear the resistive measure we expect to see recovery action. Clearance of our next support level at 98.15 (S1) is required to enable our targets at 97.99 (S2) and 97.84 (S3) in potential.

Resistance Levels: 98.67, 98.82, 98.96
Support Levels: 98.15, 97.99, 97.84

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Nov 01 2013

USA final manufacturing print scheduled to come in at 51.2 whilst investors await FOMC member Bullard's comments

The latest seasonally adjusted Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) improved by 1.5 points in October, rising to 53.2 points. This was the second consecutive month that the Australian PMI has moved above 50 points, indicating mild expansion across the manufacturing industry. Several PMIs are published on Friday, the first is the UK's manufacturing PMI expected to come in at 56.3. The USA final manufacturing PMI is scheduled to print at 51.2. In the USA FOMC member Bullard will speak in the afternoon, where we'll also receive the ISM prints for manufacturing. Equity index futures are mainly positive at the time of writing; the DJIA is up 0.21%, SPX up 0.15% and the NASDAQ equity index future is up 0.17%. The if FTSE is down 0.64%, CAC up 0.62% and DAX up 0.23%. The benchmark 10-year yield rose two basis points on Thursday, or 0.02 percentage points, to 2.55 percent at 5 p.m. New York time after touching 2.57 percent, the highest since Oct. 22nd. It earlier fell four basis points to 2.50 percent. The 2.5 percent note maturing in August 2023 dropped 1/8, or $1.25 per $1,000 face amount, to 99 17/32. Ten-year note yields have fallen six basis points this month after sliding 17 basis points in September. Europe’s 17-nation currency slid 1.1 percent to $1.3584 late in New York time Thursday and fell by as much as 1.2 percent, the biggest intraday drop seen since April 17th. The euro sank by 1.3 percent to 133.60 yen. Japan’s currency gained 0.2 percent to 98.36 per dollar after depreciating yesterday to 98.68, the weakest level since Oct. 17th.
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
2013-11-01 08:30 GMT | SW SVME - Purchasing Managers' Index (Oct)
2013-11-01 09:28 GMT | UK Markit Manufacturing PMI (Oct)
2013-11-01 13:58 GMT | US Markit Manufacturing PMI (Oct)
2013-11-01 14:00 GMT | US ISM Manufacturing PMI (Oct)

FOREX NEWS :
2013-11-01 06:23 GMT | AUD/USD upwards on beating Chinese Manufacturing PMI
2013-11-01 05:37 GMT | EUR/JPY getting hammered as stops are creating snowball effect; 132.77 is short-term support
2013-11-01 04:04 GMT | USD/JPY sellers blow 98.00 support
2013-11-01 03:56 GMT | GBP/USD still hovering above short-term support at 1.6008; more downside expected


EURUSD :
HIGH 1.35894 LOW 1.35398 BID 1.35504 ASK 1.35509 CHANGE -0.24% TIME 08 : 47:05



OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Current price setup is looking for upwards extension possibility. Risk of the price acceleration is seen above the key resistance level at 1.3597 (R1). Clearance here would put immediate focus on the next targets at 1.3629 (R2) and then 1.3662 (R3). Downwards scenario: On the downside, support level at 1.3539 (S1) prevent further downtrend development. Successful penetration below it would open a path towards to next intraday targets at 1.3507 (S2) and 1.3475 (S3).

Resistance Levels: 1.3597, 1.3629, 1.3662
Support Levels: 1.3539, 1.3507, 1.3475

-----------------------
GBPUSD :
HIGH 1.60463 LOW 1.60169 BID 1.60285 ASK 1.60292 CHANGE -0.04% TIME 08 : 47:05



OUTLOOK SUMMARY : Down
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: GBPUSD trapped to the consolidation phase on the hourly chart frame. Break of resistive level at 1.6070 (R1) is required to enable upwards action. Next visible targets are seen at 1.6100 (R2) and 1.6131 (R3). Downwards scenario: Possible descending structure formation might get more stimulus if the price manages to overcome our next support level at 1.5998 (S1). Clearance here would suggest initial targets at 1.5966 (S2) and 1.5935 (S3).

Resistance Levels: 1.6070, 1.6100, 1.6131
Support Levels: 1.5998, 1.5966, 1.5935

-----------------
USDJPY :
HIGH 98.382 LOW 97.809 BID 97.961 ASK 97.965 CHANGE -0.4% TIME 08 : 47:06



OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: From the technical side, short - term tendency is bearish, however price appreciation is possible above the resistance level at 98.09 (R1). Loss here would open way towards to next targets at 98.30 (R2) and 98.51 (R3). Downwards scenario: Possible downtrend development may encounter supportive measure at 97.87 (S1). Penetration through this level would targeting then supportive means at 97.58 (S2) and 97.37 (S3) in potential.

Resistance Levels: 98.09, 98.30, 98.51
Support Levels: 97.78, 97.58, 97.37

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Nov 05 2013

China's Li sets min GDP at 7,2%, warns against stimulus

The Chinese economy should keep its growth rate levels at 7.2% or above to keep generating enough jobs, said Premier Li Keqiang, also underscoring that relying too much on short term liquidity injections/stimulus should not be the primary focus as it risks similar fiscal problems faced by the Euro zone. Based on early projections, Li said Q3 economic indicators are in line to meet yearly targets, while warning looser policies should be avoided, saying that money supply - M2 - stands at a dangerous CNY100 trillion, twice China's GDP. According to Li, cited by MNI, in comments made in an October 21 speech made public Monday: "We have too much money in the pool. If we print more money, it may cause inflation. We all know bad inflation will not only disturb markets but also have big side effects and pressure people's lives and even cause panic."
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
2013-11-05 10:00 GMT | European Commission Releases Economic Growth Forecasts
2013-11-05 15:00 GMT | US ISM Non-Manufacturing PMI (Oct)
2013-11-05 21:45 GMT | NZ Unemployment Rate (Q3)
2013-11-05 23:50 GMT | BoJ Monetary Policy Meeting Minutes

FOREX NEWS :
2013-11-05 06:27 GMT | EUR/JPY tumbles alongside with Nikkei decline
2013-11-05 06:02 GMT | NZD/USD tumbled on RBA comments; now slightly higher
2013-11-05 04:19 GMT | EUR/USD at risk of 1.34 - Westpac
2013-11-05 03:35 GMT | RBA keeps neutral statement, AUD uncomfortably high

----------------------
EURUSD :
HIGH 1.35225 LOW 1.3491 BID 1.34972 ASK 1.34977 CHANGE -0.13% TIME 08 : 45:23



OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Price strengthening is possible above the next resistance level at 1.3526 (R1). Our interim target holds at 1.3553 (R2) en route to our final aim for today at 1.3581(R3). Downwards scenario: Opportunity for bearish oriented traders is seen below the important support level at 1.3478 (S1). Loss here would open door for the downtrend expansion towards to interim targets at 1.3453 (S2) and 1.3427 (S3).

Resistance Levels: 1.3526, 1.3553, 1.3581
Support Levels: 1.3478, 1.3453, 1.3427

-----------------------
GBPUSD :
HIGH 1.59821 LOW 1.59553 BID 1.59649 ASK 1.59657 CHANGE -0.02% TIME 08 : 45:24



OUTLOOK SUMMARY : Down
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: GBPUSD is approaching our next resistance level at 1.5983 (R1), keeping the short-term ascending structure intact. The break here is required for the price appreciation towards to next target at 1.6007 (R2) and any further rise would then be targeting to 1.6034 (R3). Downwards scenario: Risk of price depreciation is seen below the support level at 1.5940 (S1). A fall below it might initiate retracement formation towards to next support at 1.5916 (S2) and any further market decline would then be targeting final support at 1.5892 (S3).

Resistance Levels: 1.5983, 1.6007, 1.6034
Support Levels: 1.5940, 1.5916, 1.5892

-----------------------
USDJPY :
HIGH 98.674 LOW 98.24 BID 98.446 ASK 98.448 CHANGE -0.16% TIME 08 : 45:27



OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Immediate resistance at 98.71 (R1) remains in near-term focus, climb above this level might open way towards to next interim target at 98.92 (R2) and any further rise would then be limited to final resistive measure at 99.15 (R3) Downwards scenario: Any penetration below the support level at 98.23 (S1) might create more scope for the instrument weakness in near-term perspective. We are looking to our immediate supports at 98.01 (S2) and 97.80 (S3) as next possible targets.

Resistance Levels: 98.71, 98.92, 99.15
Support Levels: 98.23, 98.01, 97.80

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Nov 06 2013

Will the European service PMI point to increased growth, or increased stagnation?

We receive a raft of PMIs in the morning trading session on Wednesday; the most eagerly anticipated being the European final services PMI expected to print at 50.9, no change from the previous month. The UK manufacturing and production figures are published, expected in at 1.2% and 0.7% respectively. European retail sales are predicted to fall by 0.3%, whilst Germany's factory orders are expected to rise by 0.6%. Canada's building permits are expected to rise to 7.8% from the disastrous figure of -21.2% the previous month. Later in the evening the unemployment numbers for Australia are published with the expectation that the number will come in at 5.7%. Looking towards the market open/s for Wednesday the DJIA equity index future is currently flat, as is the SPX and NASDAQ. The European equity indices are down; STOXX off 0.82%, FTSE down 0.39%, CAC down 0.88% and DAX down 0.31%. Oil fell badly on Tuesday, ICE WTI oil down 1.32% on the day at $93.37 per barrel. Now that the critical psyche level of $100 per barrel has been breached the commodity appears to be in free-fall. NYMEX natural closed up 0.38% at $3.48 per therm. COMEX gold closed up on the day by 0.28% at $1311.70 per ounce with silver down 0.03% at $21.70 per ounce.
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
2013-11-06 09:00 GMT | UK Industrial Production (YoY) (Sep)
2013-11-06 10:00 GMT | EMU Retail Sales (YoY) (Sep)
2013-11-06 12:00 GMT | US MBA Mortgage Applications (Nov 1)
2013-11-06 15:00 GMT | UK NIESR GDP Estimate (3M) (Oct)

FOREX NEWS :
2013-11-06 06:52 GMT | EUR/USD recovers 1.3500
2013-11-06 06:26 GMT | GBP/JPY skyrockets as Nikkei soars on Toyota gains
2013-11-06 04:33 GMT | USD/JPY soars as Nikkei up 1% above 14.400; also boosted by EUR/JPY rally
2013-11-06 03:18 GMT | GBP/USD tripping stops, targets 1.61

-------------------
EURUSD :
HIGH 1.35213 LOW 1.34676 BID 1.35060 ASK 1.35064 CHANGE 0.23% TIME 08 : 50:42



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Market sentiment has improved for the bullish oriented traders. Fractals level at 1.3524 (R1) offers a key resistance level. Break here would suggest higher targets at 1.3553 (R2) and 1.3581(R3). Downwards scenario: Any downside extension is limited now to the next support level at 1.3478 (S1). Below here we see potential for the price acceleration towards to next targets at 1.3453 (S2) and 1.3427 (S3) in potential.

Resistance Levels: 1.3524, 1.3553, 1.3581
Support Levels: 1.3478, 1.3453, 1.3427

--------------------
GBPUSD :
HIGH 1.60957 LOW 1.60417 BID 1.60849 ASK 1.60855 CHANGE 0.26% TIME 08 : 50:43



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Further price appreciation is a likely scenario for today according to the technical readings. If the pair manages to clear the barrier at 1.6104 (R1), we would suggest next targets at 1.6127 (R2) and 1.6149 (R3). Downwards scenario: An evidence of possible descending structure could be provided if the GBPUSD manages to surpass next support level at 1.6062 (S1). In such case we would suggest next intraday targets at 1.6040 (S2) and 1.6016 (S3).

Resistance Levels: 1.6104, 1.6127, 1.6149
Support Levels: 1.6062, 1.6040, 1.6016

------------------
USDJPY :
HIGH 98.755 LOW 98.409 BID 98.620 ASK 98.624 CHANGE 0.12% TIME 08 : 50:43



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: USDJPY resumed upwards penetration today and we see potential to expose our intraday targets at 98.95 (R2) and 99.15 (R3) if the price manages to overcome key resistance measure at 98.76 (R1). Downwards scenario: On the other hand, possible correction development would face next hurdle at 98.41 (S1). Break here is required to open road towards to our next interim target at 98.22 (S2), en route to final aim at 98.03 (S3).

Resistance Levels: 98.76, 98.95, 99.15
Support Levels: 98.41, 98.22, 98.03

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Nov 07 2013

Interest rate settings in Europe and USA GDP take centre stage on Thursday

It's a day of rate setting decisions in Europe on Thursday; the UK's BoE MPC is predicted to leave base rates at 0.5% and the quantitative easing levels at $375 bn. The ECB is also predicted to leave base rates at their current level at 0.50% the accompanying press statement may indicated when (and if) the ECB may alter that plan. In the USA the GDP figures are released, expected to come in at 2.0%, whilst unemployment claims for the week are expected to stay in the stubborn range at circa 336K. Later in the afternoon the ECB president Mario Draghi will hold court at a press gathering explaining the current economic situation in Europe and the decisions made earlier regarding the rate setting. Later in the evening the trade balance for China is expected to print at 23.5 billion up from 15.2 billion the previous month, whilst Australia's RBA delivers its monetary policy statement. Looking towards Thursday's market open the DJIA equity index future is currently up 0.86%, the SPX up 0.52%. The FTSE equity index future is up 0.16%, CAC up 0.82% and the DAX up 0.37% all indices suggesting a positive open across the majority of bourses. The euro strengthened 0.3 percent to $1.3513 late in New York on Wednesday after declining to $1.3442 on Nov. 4th, the weakest level since Sept. 18th. The common currency rose 0.4 percent to 133.31 yen. The dollar strengthened 0.2 percent to 98.66 yen.
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
2013-11-07 12:00 GMT | BoE Interest Rate Decision
2013-11-07 12:45 GMT | ECB Interest Rate Decision (Nov 7)
2013-11-07 13:30 GMT | EMU ECB Monetary policy statement and press conference
2013-11-07 13:30 GMT | USA Gross Domestic Product Annualized (Q3)

FOREX NEWS :
2013-11-07 05:57 GMT | EUR/GBP off of session lows as traders position themselves ahead of BOE and ECB
2013-11-07 05:14 GMT | Is fading Euro strength the best play of the week?
2013-11-07 04:34 GMT | GBP/JPY capped by 159.00
2013-11-07 03:49 GMT | GBP/USD trading off session lows ahead of Bank of England decision and commentary

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EURUSD :
HIGH 1.35288 LOW 1.35006 BID 1.35247 ASK 1.35249 CHANGE 0.08% TIME 08 : 52:53



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Possibility of market strengthening is seen above the resistance level at 1.3548 (R1). Clearance here is required to validate next interim target at 1.3572 (R2) and any further rise would then be targeting mark at 1.3596 (R3). Downwards scenario: An important technical level at 1.3500 (S1) prevents possible market weakening. Break here is required to open road towards to interim target at 1.3476 (S2) en route to final aim at 1.3451 (S3).

Resistance Levels: 1.3548, 1.3572, 1.3596
Support Levels: 1.3500, 1.3476, 1.3451

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GBPUSD :
HIGH 1.60914 LOW 1.60655 BID 1.60835 ASK 1.60844 CHANGE 0.03% TIME 08 : 52:53



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Further buying interest might arise above the resistance at 1.6117 (R1). Clearance here would suggest next intraday target at 1.6138 (R2) and if the price holds its momentum we can expect an exposure of 1.6158 (R3). Downwards scenario: Our next supportive measure locates at 1.6065 (S1). Break here is required to enable correction action towards to next target at 1.6043 (S2). Final support for today locates at 1.6023 (S3).

Resistance Levels: 1.6117, 1.6138, 1.6158
Support Levels: 1.6065, 1.6043, 1.6023

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USDJPY :
HIGH 98.748 LOW 98.556 BID 98.635 ASK 98.639 CHANGE -0.02% TIME 08 : 52:54



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Possibility of upwards action is seen above the next resistance level at 98.76 (R1). Clearance here is required to let the price achieve our higher intraday targets at 1.3703 (R2) and 1.3724 (R3). Downwards scenario: On the other hand, current range pattern on the hourly chart suggest possible retest of our supportive measure at 98.52 (S1). Break here is required to open way towards to initial targets at 98.38 (S2) and 98.24 (S3).

Resistance Levels: 98.76, 98.92, 99.07
Support Levels: 98.52, 98.38, 98.24

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Nov 08 2013

The markets expect a very poor NFP print of circa 121K.

European news events in the morning session mainly concern the UK's balance of payments, expected in at -9.1billion and Germany's trade balance is expected in at +17.2 billion. North American employment figures for Canada and the USA are published in the afternoon trading session. Canada's unemployment rate is expected to rise to 7.0%, whilst the NFP jobs report for the USA is predicted to show that only 121K jobs were created in October. The unemployment rate in the USA may climb to 7.3%. The preliminary University of Michigan sentiment report is published expected to show a figure of 74.6. China delivers a raft of information late on Friday evening, the high impact news items will centre on the inflation levels, CPI expected in at 3.3%, new loans at circa 800 bn, and industrial production expected in at 10.1% up year on year. NYMEX WTI oil closed down on the day by 0.63% at $94.20 per barrel, NYMEX natural gas closed up on the day 0.60%, COMEX gold closed down 0.71% at $1308.50 per ounce, COMEX silver down 0.50% at $21.66 per ounce. Equity index futures are pointing to the main European and USA markets opening in negative territory. The DJIA is down 0.64%, the SPX down 1.16%, the NASDAQ down 1.67%. STOXX future is down 0.33%, DAX future up 0.51%, CAC future down 0.14%, and the UK FTSE future is down 0.73%.
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
2013-11-08 07:00 GMT | DE Trade Balance s.a. (Sep)
2013-11-08 09:30 GMT | UK Total Trade Balance (Sep)
2013-11-08 13:30 GMT | US Nonfarm Payrolls (Oct)
2013-11-08 13:30 GMT | CA Unemployment Rate (Oct)

FOREX NEWS :
2013-11-08 06:13 GMT | S&P downgrades France to AA from AA+, outlook stable
2013-11-08 05:49 GMT | AUD/USD peels back to opening levels
2013-11-08 05:00 GMT | USD/CHF well above the 0.9150 area
2013-11-08 04:56 GMT | US Non-Farm Payrolls will likely continue the volatility party that started Thursday

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EURUSD :
HIGH 1.34241 LOW 1.33885 BID 1.33984 ASK 1.33987 CHANGE -0.15% TIME 08 : 40:29



OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Appreciation above the resistance at 1.3453 (R1) might commence new step of the ascending structure. Our intraday targets today are placed at 1.3502 (R2) and 1.3551 (R3). Downwards scenario: Risk of possible price depreciation is seen below the support at 1.3296 (S1). Loss here might enable bearish pressure and drive market price towards to next targets at 1.3248 (S2) and 1.3199 (S3) later on today.

Resistance Levels: 1.3453, 1.3502, 1.3551
Support Levels: 1.3296, 1.3248, 1.3199

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GBPUSD :
HIGH 1.6102 LOW 1.60784 BID 1.60945 ASK 1.60947 CHANGE 0.01% TIME 08 : 40:29



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: We see potential of market strengthening in near-term perspective. Next on tap is seen resistance level at 1.6117 (R1). Break here would suggest next intraday targets at 1.6138 (R2) and 1.6158 (R3). Downwards scenario: Break of support at 1.6065 (S1) is required to determine negative intraday bias and enable lower target at 1.6043 (S2). Clearance of this target would open a path towards to final support at 1.6023 (S3).

Resistance Levels: 1.6117, 1.6138, 1.6158
Support Levels: 1.6065, 1.6043, 1.6023

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USDJPY :
HIGH 98.255 LOW 98.039 BID 98.107 ASK 98.109 CHANGE 0.03% TIME 08 : 40:30



OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : High

Upwards scenario: On the upside resistive structure at 98.27 (R1) prevents possible gains. Clearance here is required to open route towards to next target at 98.41 (R2) and then final target could be triggered at 98.55 (R3). Downwards scenario: Current price pattern suggests bearish potential if the pair manages to overcome next support level at 97.89 (S1). Possible price regress could expose our initial targets at 97.75 (S2) and 97.62 (S3) later on today.

Resistance Levels: 98.27, 98.41, 98.55
Support Levels: 97.89, 97.75, 97.62

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Nov 11 2013

China's Plenum meeting could have a profound impact for global markets

Monday sees several bank holidays that will affect the volume of trading activity during the various trading sessions. France, Canada and the USA have bank holidays. The German Bundesbank president Weidmann will hold court with a conference on Monday. Whilst the German central bank is subservient and defers to the ECB, on matters such as quantitative easing and rate setting, investors and analysts will look for 'code' in Weidmann's speech concerning the direction the singular German economy will be headed for and directed towards over coming months. Towards the end of the trading day we'll receive the consumer confidence publication from Australia's National Bank. The previous month's reading came in at 12, a print close to this figure is expected. Sterling posted its first weekly advance in three versus the dollar as reports showed British services growth unexpectedly accelerated in October to the fastest pace in 16 years. U.K. government bonds declined for a second week as the Bank of England kept its key interest rate at a record low, whilst maintaining its bond-buying stimulus target. The pound climbed versus the euro for a second week, rising the most since April, after the European Central Bank unexpectedly lowered its benchmark interest rate, boosting demand for the U.K. currency. Benchmark 10-year yields reached the highest level in seven weeks last week after payrolls grew by 204,000 in October versus the 120,000 median forecast. U.S. debt rallied after the European Central Bank cut its benchmark interest rate to a record to address prolonged price weakness. The USA Treasury will auction $70 billion of notes and bonds this week. Treasuries fell the most in two months as reports showed the economy expanded in the third quarter beyond projections, boosting speculation the Federal Reserve is moving closer to 'tapering' its $85 billion of monthly bond-buying.
Market Analysis | FXCC Blog


FOREX ECONOMIC CALENDAR :
2013-11-11 09:00 GMT | IT Industrial Output s.a. (MoM) (Sep)
2013-11-11 17:00 GMT | DE German Buba President Weidmann speech
2013-11-11 23:30 GMT | AU Westpac Consumer Confidence Index (Nov)
2013-11-11 23:50 GMT | JP Tertiary Industry Index (MoM) (Sep)

FOREX NEWS :
2013-11-11 04:55 GMT | EUR/JPY loses momentum in late Asian trading session
2013-11-11 04:55 GMT | GBP/USD, another 1.5900 retest on deck - 2ndSkies
2013-11-11 04:36 GMT | EUR/USD should see sell on strength circa 1.3375 - JPMorgan
2013-11-11 04:19 GMT | AUD/USD sideways after solid Australian home data

----------------------
EURUSD :
HIGH 1.33671 LOW 1.33448 BID 1.33657 ASK 1.33659 CHANGE -0.01% TIME 08 : 29:13



OUTLOOK SUMMARY : Down
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: While price is quoted below the moving averages our medium-term technical outlook would be negative. Though, appreciation above the resistance at 1.3438 (R1) might enable upwards penetration towards to next targets at 1.3492 (R2) and 1.3543 (R3). Downwards scenario: On the downside bearish pressure might push the price below the support at 1.3317 (S1). Further downside extension would open road towards to next target at 1.3262 (S2) and any further losses would then be limited to 1.3209 (S3) mark.

Resistance Levels: 1.3438, 1.3492, 1.3543
Support Levels: 1.3317, 1.3262, 1.3209

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GBPUSD :
HIGH 1.60216 LOW 1.59978 BID 1.60182 ASK 1.60187 CHANGE 0.01% TIME 08 : 29:13



OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Low

Upwards scenario: GBPUSD commenced consolidation pattern, however, price strengthening above the next resistive structure at 1.6058 (R1) might activate short-term bullish pressure and expose our intraday targets at 1.6085 (R2) and 1.6112 (R3). Downwards scenario: As long as price stays below the 20 SMA our technical outlook would be negative. Extension lower the next support level at 1.5993 (S1) is being able to drive market price towards to our next targets at 1.5968 (S2) and 1.5942 (S3).

Resistance Levels: 1.6058, 1.6085, 1.6112
Support Levels: 1.5993, 1.5968, 1.5942

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USDJPY :
HIGH 99.225 LOW 98.94 BID 98.953 ASK 98.955 CHANGE -0.09% TIME 08 : 29:14



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Low

Upwards scenario: After the strong appreciation on Friday we expect to see some consolidation ahead. Though clearance of next resistance level at 99.23 (R1) might enable bullish pressure and open route towards to our next targets at 99.41 (R2) and 99.60 (R3). Downwards scenario: On the other hand, recovery phase might commence below the important support level at 98.85 (S1). Break here is required to validate our targets at 98.65 (S2) and 98.47 (S3) later on today.

Resistance Levels: 99.23, 99.41, 99.60
Support Levels: 98.85, 98.65, 98.47

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Nov 12 2013

USA small business optimism loses ground in October.

In the overnight early morning trading session we'll receive the publication of the Australian NAB business confidence report. Japan will release its consumer confidence index, predicted to come in at 46.3. UK inflation figures are published in the London session, expected to come in at 2.5% for CPI and 3% for RPI. The USA small business index is published in the afternoon session expected in at 93.5, as is the RBNZ financial stability report for New Zealand. It provides insights into the bank's view of inflation, growth, and other economic conditions that will affect interest rates in the future. The RBNZ governor Wheeler will then hold court shortly after the financial stability report to discuss the current state of the nation's finances. The NFIB Index of Small Business Optimism in the USA has lost 2.3 points to 91.6. Two components, the outlook for business conditions and the outlook for real sales gains, accounted for 52 percent of the Index decline. A weaker outlook for business produced dissatisfaction with inventory stocks, and fewer plans to create new jobs. The average value of the Index since the recovery started is 91. Looking towards tomorrow's open the DJIA equity index future is up 0.18%, SPX up 0.09% and the NASDAQ future is currently at the time of writing down 0.15%. The DAX future is up 0.48%, STOXX up 0.69% and CAC up 0.81% with UK FTSE up 0.43%. The DJIA closed up 0.14%, the SPX up 0.07% and the NASDAQ up 0.01%. Looking at Europe's bourses the STOXX index closed up 0.59%, CAC up 0.70%, DAX up 0.33%, and the UK FTSE up 0.30%.
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
2013-11-12 09:30 GMT | UK Core Consumer Price Index (YoY) (Oct)
2013-11-12 13:30 GMT | US Chicago Fed National Activity Index (Sep)
2013-11-12 20:00 GMT | RBNZ Financial Stability Report
2013-11-12 23:50 GMT | JP Machinery Orders (YoY) (Sep)

FOREX NEWS :
2013-11-12 07:16 GMT | EUR/USD dips to lows on German data
2013-11-12 06:56 GMT | GBP/USD deflates to session lows
2013-11-12 05:28 GMT | EUR/GBP on the soggy side
2013-11-12 05:07 GMT | GBP/AUD soars on solid UK home data, struggling Aussie

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EURUSD
HIGH 1.34137 LOW 1.33798 BID 1.33938 ASK 1.33941 CHANGE -0.09% TIME 09 : 51:38



OUTLOOK SUMMARY : Neutral
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Possibility of further price progress is seen above the next resistance level at 1.3438 (R1). Breakthrough here would suggest interim target at 1.3485 (R2) and then mark at 1.3532 (R3) acts as next attractive point. Downwards scenario: Risk of market weakening is seen below the support level at 1.3368 (S1). Loss here is required to enable our supportive barrier at 1.3317 (S2) en route towards to final target for today at 1.3270 (S3).

Resistance Levels: 1.3438, 1.3485, 1.3532
Support Levels: 1.3368, 1.3317, 1.3270

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GBPUSD :
HIGH 1.59922 LOW 1.59513 BID 1.59573 ASK 1.59577 CHANGE -0.2% TIME 09 : 51:38



OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Measures of resistance might be activating if the pair approaches 1.5978 (R1) price level. Break here would suggest next interim target at 1.6005 (R2) and If the price keeps its momentum we expect an exposure of 1.6031 (R3). Downwards scenario: On the other hand, progress below the initial support level at 1.5932 (S1) might initiate bearish pressure and expose our intraday targets at 1.5907 (S2) and 1.5880 (S3) later on today.

Resistance Levels: 1.5978, 1.6005, 1.6031
Support Levels: 1.5932, 1.5907, 1.5880

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USDJPY :
HIGH 99.731 LOW 99.104 BID 99.688 ASK 99.692 CHANGE 0.53% TIME 09 : 51:39



OUTLOOK SUMMARY : Up
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Further price appreciation needs to clear the barrier at 99.86 (R1) to enable our interim target at 100.06 (R2) and then any further gains would be limited to last resistance at 100.25 (R3). Downwards scenario: On the downside, USDJPY might encounter supportive measures at 99.30 (S1). Break here would open the way for a test of our next targets at 99.10 (S2) and 98.89 (S3) later on today.

Resistance Levels: 99.86, 100.06, 100.25
Support Levels: 99.30, 99.10, 98.89

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Nov 13 2013

Japan's preliminary GDP figures are expected in up 0.4% as Ben Bernanke gives a speech

European markets take centre stage on Wednesday, the UK's claimant count data is published, with the rate of unemployment scheduled to fall to 7.6% of the workforce. Industrial production for Europe is scheduled to fall by 0.2%. Later the BoE governor Carney delivers the bank's quarterly inflation report. Later on the German Bundesbank president Weidmann speaks and despite the German central bank not being in control of its money supply, or interest rate setting, the bank is still amongst the most respected banking institutions globally. The USA federal budget balance is scheduled to deliver what many may consider a rogue outlier number, predictions suggest a figure of -$103 billion will be published when last months' figure was a positive $73 billion. Later on in the late evening trading session we receive New Zealand's retail sales figures expected in at 0.9%. Thereafter Japan's preliminary GDP figure is expected to print at 0.4%. The Fed chairman Ben Bernanke gives a speech, whilst China reveals its percentage rise in foreign firms' investments and finally Japan delivers it's revised industrial prod ruins figures expected in at 1.5% up month on month. Looking towards the opening sessions on Wednesday the DJIA future is down 0.07%, SPX down 0.14% and the NASDAQ up 0.31%. European indices look weak; STOXX down 0.59%, DAX down 0.37%, CAC down 0.60% and UK FTSE down 0.14%. NYMEX WTI oil closed the day down 2.18% at $93.07 per barrel. NYMEX nat gas was up 2.01% on the day at $3.65 per therm. COMEX gold closed the day down 1.09% at $1267.20 per ounce with silver down 2.69% at $20.71 per ounce.
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
2013-11-13 09:30 GMT | UK.ILO Unemployment Rate (3M) (Sep)
2013-11-13 10:00 GMT | EU.Industrial Production w.d.a. (YoY) (Sep)
2013-11-13 10:30 GMT | UK.Bank of England Quarterly Inflation Report
2013-11-13 12:00 GMT | US.MBA Mortgage Applications (Nov 8)

FOREX NEWS :
2013-11-13 05:50 GMT | EUR/USD edges higher; momentum bias still negative
2013-11-13 05:03 GMT | AUD/CHF slightly higher; both components under pressure
2013-11-13 04:40 GMT | GBP/JPY back down at 158 after failing to conquer 159 for days
2013-11-13 04:19 GMT | EUR/JPY in consolidation mode


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EURUSD :
HIGH 1.34525 LOW 1.34296 BID 1.34427 ASK 1.34429 CHANGE 0.05% TIME 07 : 58:31



OUTLOOK SUMMARY : Up
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Next barrier on the upside lie at 1.3456 (R1). Surpassing of this level might enable our initial target at 1.3484 (R2) and any further gains would then be limited to last resistive structure at 1.3510 (R3). Downwards scenario: On a slightly longer term we expect pullback formation. Risk of market depreciation is seen below the next support level at 1.3426 (S1). Clearance here would suggest lower targets at 1.3402 (S2) and 1.3374 (S3) in potential.

Resistance Levels: 1.3456, 1.3484, 1.3510
Support Levels: 1.3426, 1.3402, 1.3374

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GBPUSD :
HIGH 1.59073 LOW 1.58855 BID 1.58930 ASK 1.58933 CHANGE -0.08% TIME 07:58:32



OUTLOOK SUMMARY : Down
TREND CONDITION : Down trend
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: Possibility of market strengthening is seen above the resistance level at 1.5919 (R1). Clearance here is required to validate next interim target at 1.5938 (R2) and any further rise would then be targeting mark at 1.5962 (R3). Downwards scenario: Risk of market decline is seen below the next support level at 1.5888 (S1). Loss here might downgrade currency rate towards to the next supportive means at 1.5866 (S2) and 1.5848 (S3) in potential.

Resistance Levels: 1.5919, 1.5938, 1.5962
Support Levels: 1.5888, 1.5866, 1.5848

--------------------------
USDJPY :
HIGH 99.673 LOW 99.428 BID 99.519 ASK 99.521 CHANGE -0.11% TIME 07 : 58:32



OUTLOOK SUMMARY : Down
TREND CONDITION : Up trend
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Medium

Upwards scenario: Next hurdle on the upside is seen at important technical level – 99.80 (R1). If the price manages to overcome it we expect further acceleration towards to our initial targets at 99.97 (R2) and 100.09 (R3). Downwards scenario: Any downside extension is limited now to the next support level at 99.47 (S1). Break here is required to open a route towards to next target at 99.32 (S2) and then any further easing would be targeting final support at 99.16 (S3).

Resistance Levels: 99.80, 99.97, 100.09
Support Levels: 99.47, 99.32, 99.16

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Nov 14 2013

Fed chairperson delegate Janet Yellen states USA far from being able to taper asset purchase programme.

French and German preliminary GDP figures are published on Thursday, Germany's is expected in at 0.3% with France's at 0.1%. Italy's is expected in at -0.3%. Europe's flash GDP number is expected in at 0.2%. The ECB will publish its monthly bulletin on Thursday, whilst the UK's retail sales are expected to be flat, but could register a fall if consumers keep their hands in their pockets with Xmas being so close. Canada's trade balance is expected in at $1.2 bn for the month, whilst the USA trade balance for the month is expected in at -$34 billion, a near mirror opposite of Germany's positive €34 billion figure. Unemployment claims in the USA for the week are predicted in at 331K. The weekly oil and gas storage inventory data is published with oil expected in at a low print of 0.7. The DJIA closed up 0.45% on Wednesday, the SPX up 0.81% and the NASDAQ up 1.16%. European markets were mainly in the red; STOXX down 0.45%, CAC down 0.56%, DAX down 0.24% and UK FTSE down a substantial 1.44% after a negative reaction to the UK's BoE inflation report. Looking towards the market opening on Thursday November 14th the DJIA future is up 0.44%, SPX up 0.82% and the NASDAQ up 1.1%. The STOXX index is down 0.53%, DAX doe 0.36% and CAC down 0.55%. NYMEX WTI oil is up 0.60% at $93.60 per barrel, NYMEX nat gas is down 1.58% $3.56 per therm, COMEX gold is up 0.87% at $1282 per ounce, COMEX silver down 0.78% at $20.62 per ounce.
Market Analysis | FXCC Blog


FOREX ECONOMIC CALENDAR :
2013-11-14 09:00 GMT | EMU ECB Monthly Report
2013-11-14 09:30 GMT | UK Retail Sales (YoY) (Oct)
2013-11-14 10:00 GMT | EMU Gross Domestic Product s.a. (YoY) (Q3)
2013-11-14 15:00 GMT | FOMC Member Yellen Speech

FOREX NEWS :
2013-11-14 06:38 GMT | GBP/USD had “abc” correction in first few hours of Asian session; now working higher
2013-11-14 05:48 GMT | BoE's Fisher: we won't raise rates any time soon
2013-11-14 05:06 GMT | Nikkei surges above 2% in sympathy with Wall Street
2013-11-14 05:00 GMT | USD/CHF continues expected pullback – with extra “oomph” from Fed’s dovish comments

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EURUSD
HIGH 1.34976 LOW 1.34631 BID 1.34675 ASK 1.34678 CHANGE -0.13% TIME 08 : 44:13



OUTLOOK SUMMARY Up
TREND CONDITION Upward penetration
TRADERS SENTIMENT Bearish
IMPLIED VOLATILITY High

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Instrument gained momentum on the upside recently, turning short-term bias to the positive side. Next resistive structure on the way lies at 1.3495 (R1), break here would suggest next intraday targets at 1.3519 (R2) and 1.3542 (R3). Downwards scenario: Possible downside extension is limited now to the support level at 1.3456 (S1). Break here is required to open a route towards to next target at 1.3433 (S2) and then any further easing would be targeting final support at 1.3410 (S3).

Resistance Levels: 1.3495, 1.3519, 1.3542
Support Levels: 1.3456, 1.3433, 1.3410

----------------------
GBPUSD :
HIGH 1.60651 LOW 1.60272 BID 1.60390 ASK 1.60396 CHANGE -0.1% TIME 08 : 44:15



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : High

Upwards scenario: GBPUSD is approaching our next resistive measure at 1.6079 (R1). Break here is required to initiate upside pressure towards to next target at 1.6109 (R2) and then resistance at 1.6139 (R3) acts as last attractive point for today. Downwards scenario: Possible price depreciation is limited to support level at 1.6010 (S1). Break here is required to enable possible retracement action towards to our next targets at 1.5980 (S2) and 1.5949 (S3) in potential.

Resistance Levels: 1.6079, 1.6109, 1.6139
Support Levels: 1.6010, 1.5980, 1.5949

---------------------
USDJPY :
HIGH 99.727 LOW 99.135 BID 99.612 ASK 99.616 CHANGE 0.39% TIME 08 : 44:16



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bullish
IMPLIED VOLATILITY : Neutral

Upwards scenario: We see potential of further instrument appreciation in near term perspective. Clearance of our next resistive structure at 99.79 (R1) would open way towards to next target at 100.00 (R2) and any further rise would then be targeting 100.21 (R3). Downwards scenario: Possible retracement formation is limited now to support level at 99.42 (S1). If the price manages to surpass it, we would suggest next intraday targets at 99.22 (S2) and 99.01 (S3).

Resistance Levels: 99.79, 100.00, 100.21
Support Levels: 99.42, 99.22, 99.01

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Nov 15 2013

European inflation is expected to fall to 0.7% whilst the USA empire manufacturing survey is expected to rise.

The European CPI figure is published on Friday expected in at 0.7% year on year. Canada's manufacturing sales is expected in up 0.5%. The USA empire manufacturing survey is expected to print at 5.2 up from the previous month's 1.5. Import prices month on month are expected in down 0.4% whilst industrial production is expected in at 0.1% up for the month. The DJIA closed up 0.35% on Thursday, SPX up 0.48%, NASDAQ up 0.18%. European indices recovered strongly from the previous day's fall; STOXX up 1.08%, CAC up 1.04%, DAX up 1.05%, FTSE up 0.54%. Looking towards equity index futures the DJIA is up 0.38%, SPX up 0.52% and NASDAQ up 0.26%, CAC up 1.02%, DAX up 1.12%, FTSE up 0.57%. NYMEX WTI oil closed up 0.06% at $93.94 per barrel, NYMEX nat gas up 1.46% at $3.62 per therm. COMEX gold closed up on the day 1.43% at $1286.50 per ounce The U.S. Dollar Index, which monitors the greenback versus 10 major counterparts, was little changed at 1,018.81 at 3:19 p.m. in New York after dropping to 1,015.83, the lowest since Nov. 7th. The yen fell 0.8 percent to 100.06 per dollar after touching 100.15, the weakest level since Sept. 11th. Japan’s currency declined 0.6 percent to 134.68 per euro. The euro slid 0.2 percent to $1.3461 after declining as much as 0.5 percent. The dollar rose from the lowest level in a week as investors believe that the Federal Reserve is still moving toward reducing its bond buying after chairman-nominee Janet Yellen said it “will not continue indefinitely.”
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
24h | EMU EcoFin Meeting
2013-11-15 10:00 GMT | EMU Consumer Price Index (YoY)
2013-11-15 13:30 GMT | US Export Price Index (YoY) (Oct)
2013-11-15 14:15 GMT | US Industrial Production (MoM) (Oct)

FOREX NEWS :
2013-11-15 06:44 GMT | EUR/GBP remains weak as Friday wears on; European data looms
2013-11-15 06:35 GMT | USD/JPY re-visits 100.00 as intra-day specs sell-off
2013-11-15 05:47 GMT | Aussie Dollar the biggest mover in an overall quiet session
2013-11-15 05:27 GMT | EUR/USD should head towards 1.20 - Societe Generale


EURUSD :
HIGH 1.34639 LOW 1.34453 BID 1.34595 ASK 1.34598 CHANGE 0.03% TIME 08:44:33



OUTLOOK SUMMARY : Up
TREND CONDITION : Sideway
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: EURUSD commenced consolidation phase, however, appreciation above the next resistance at 1.3488 (R1) might be a good catalyst for an upwards formation towards to next targets at 1.3511 (R2) and 1.3533 (R3). Downwards scenario: Risk of possible price regress is seen below the support level at 1.3433 (S1). Break here would suggest lower targets at 1.3412 (S2) and 1.3390 (S3) in potential.

Resistance Levels: 1.3488, 1.3511, 1.3533
Support Levels: 1.3433, 1.3412, 1.3390

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GBPUSD :
HIGH 1.60819 LOW 1.60512 BID 1.60791 ASK 1.60797 CHANGE 0.09% TIME 08:44:34



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Possible upwards extension above the resistive measure at 1.6101 (R1) is liable to commence medium-term bullish structure. Our intraday targets locates at 1.6134 (R2) and 1.6167 (R3) price levels. Downwards scenario: On the other hand, our next supportive barrier at 1.6031 (S1) prevents further downtrend expansion. Break here is required to enable lower targets at 1.5997 (S2) and 1.5964 (S3) in potential.

Resistance Levels: 1.6101, 1.6134, 1.6167
Support Levels: 1.6031, 1.5997, 1.5964

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USDJPY :
HIGH 100.305 LOW 99.94 BID 100.017 ASK 100.020 CHANGE 0.02% TIME 08:44:35



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Measures of resistance might be activating when the pair approaches 100.31 (R1). Break here would suggest next interim target at 100.57 (R2) and If the pair keeps its momentum we would expect an exposure of 100.82 (R3). Downwards scenario: In terms of technical levels, risk of price depreciation is seen below the support level at 99.79 (S1). Loss here would suggest to monitor marks at 99.52 (S2) and 99.26 (S3) as possible intraday targets.

Resistance Levels: 100.31, 100.57, 100.82
Support Levels: 99.79, 99.52, 99.26

Source: FX Central Clearing Ltd,( http://www.fxcc.com )

[alayoua]

Forex Technical & Market Analysis FXCC Nov 19 2013

Dow Jones Index breaks 16000 as SPX and NASDAQ sell off at key levels, as Troika talks will resume in Athens this week

Tuesday sees the publication of the ZEW German sentiment index and the ZEW Europe sentiment index. Both indices are expected to rise, Germany's up to 54.6 and Europe's up to 63.1. Two more FOMC members are due to speak, Dudley and Evans, whilst treasury secretary Lew is due to speak, the man who 'knocked heads' together over the debt impasse. Later in the evening Ben Bernanke holds court. New Zealand's PPI is published with the expectation of a number similar to the 0.6% of the previous month. Japan's trade balance is expected in at -0.88 trillion, with the all industries activity expected in at 0.5% up 0.2%. Greece's finance minister Yannis Stournaras will hold another session of talks with the country's various lenders this week. Relations between the Athens government and officials from the IMF/EC and ECB are tense, with little in the way of an agreement over how to address the fiscal gap in Greece's 2014 financial projections. That shortfall is estimated at €1.5bn and there's no roadmap in place as to how it will be fixed, although bond holders taking another haircut seems the most obvious solution. Looking towards equity index futures the DJIA is up 0.16%, SPX down 0.27%. European equity indices are up; STOXX up 0.88%, DAX up 0.65%, CAC up 0.64%, fits equity index future up 0.49%. On Monday NYMEX WTI oil closed the day down 0.88% at $93.01 per barrel, NYMEX nat gas down 1.17% at $3.62 per therm. COMEX gold closed the day down 0.95% at $1275.20 per ounce, silver on COMEX down 1.79% at $20.36 per ounce.
Market Analysis | FXCC Blog

FOREX ECONOMIC CALENDAR :
2013-11-19 10:00 GMT | DE ZEW Survey - Economic Sentiment (Nov)
2013-11-19 13:45 GMT | US Treasury Sec Lew Speech
2013-11-19 23:30 GMT | AU Westpac Leading Index (MoM) (Sep)
2013-11-19 23:50 GMT | JP Merchandise Trade Balance Total (Oct)

FOREX NEWS :
2013-11-19 06:50 GMT | EUR/USD parked around 1.3500
2013-11-19 06:02 GMT | AUD bids expected on largest Australian bond deal issuance
2013-11-19 04:04 GMT | Dovish Yellen may limit further USD longs by specs - Rabobank
2013-11-19 02:28 GMT | EUR/JPY wants to consolidate 134.70 front

----------------------
EURUSD :
HIGH 1.35231 LOW 1.34989 BID 1.35143 ASK 1.35148 CHANGE 0.07% TIME 08:52:00



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

MARKET ANALYSIS - Intraday Analysis

Upwards scenario: Fresh portion of the economic data releases might increase volatility later on today. Clearance of our next resistive barrier at 1.3530 (R1) is required to push the price towards to our next visible targets at 1.3549 (R2) and 1.3567 (R3). Downwards scenario: On the downside we see potential to positively retest our supportive measure at 1.3494 (S1). Clearance here is required to open route towards to our initial targets at 1.3474 (S2) and 1.3454 (S3) in potential.

Resistance Levels: 1.3530, 1.3549, 1.3567
Support Levels: 1.3494, 1.3474, 1.3454

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GBPUSD :
HIGH 1.61242 LOW 1.60964 BID 1.61032 ASK 1.61041 CHANGE -0.04% TIME 08:52:01



OUTLOOK SUMMARY : Up
TREND CONDITION : Upward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: Instrument gained momentum on the upside recently, turning short-term bias to the positive side. Further upwards penetration above the resistance at 1.6148 (R1) would enable intraday targets at 1.6177 (R2) and 1.6206 (R3). Downwards scenario: Risk of possible price depreciation is seen below the support level at 1.6081 (S1). Break here is required to open the way towards to immediate supports at 1.6053 (S2) and 1.6025 (S3).

Resistance Levels: 1.6148, 1.6177, 1.6206
Support Levels: 1.6081, 1.6053, 1.6025

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USDJPY :
HIGH 100.001 LOW 99.571 BID 99.821 ASK 99.825 CHANGE -0.17% TIME 08:52:02



OUTLOOK SUMMARY : Down
TREND CONDITION : Downward penetration
TRADERS SENTIMENT : Bearish
IMPLIED VOLATILITY : Medium

Upwards scenario: On the upside potential is seen for a break above the resistance at 100.20 (R1). In such case we would suggest next target at 100.41 (R2) and any further rise would then be limited to final resistance at 100.62 (R3). Downwards scenario: We expect further correction evolvement if the price manages to overcome key supportive bastion at 99.56 (S1). In such case we would suggest next intraday targets at 99.35 (S2) and 99.13 (S3).

Resistance Levels: 100.20, 100.41, 100.62
Support Levels: 99.56, 99.35, 99.13

Source: FX Central Clearing Ltd,( http://www.fxcc.com )